“Then Pranab Mukherjee also sought help .. but”: Vijay Mallya

Kingfisher Airlines has been opened in a pod cast interview with businessman Vijay Mallya Raj Shahmani, who has been accused of cheating and money laundering. Mallya responded to the collapse of Kingfisher Airlines and results.

2008 World Economic Recession

Mallya has made it clear that Kingfisher Airlines fell due to the 2008 global recession. What happened in 2008? ” Have you ever heard of Lehman Brothers? Have you heard of the global financial crisis? It also had a profound impact on India, “he said. The money stopped. The financial sector has been damaged. The value of the Indian rupee has also been damaged,” he said.

Kingfisher Airlines growth, decline

King Fisher Airlines, who launched in 2005, soon received a reputation for luxury services. But the economic situation has deteriorated and financial difficulties. Employees are unable to pay wages. The business of ER lines has collapsed due to recession. Mallya has revealed that he met Finance Minister Pranab Mukherjee under these circumstances.

I met Pranab Mukherjee

Mallya said that he had approached the then Finance Minister Pranab Mukherjee with a plan to reduce the operation of Kingfisher Airlines. ‘I went to Pranab Mukherjee. And I said that I had some problem. “I have explained to them that Kingfisher Airlines should be reduced to operation, reduce the number of aircraft and remove employees and they cannot work in these disasters.” However, Mallya said that Pranab Mukherjee had rejected his request. “King Fisher Airlines told me not to reduce activities. You will continue. The bank will support you. It all starts,” Mallya explained.

Airlines in full damage

King Fisher Airlines then got into trouble. Stopped all its flight services. Mallya, who escaped from India in 2016, has been in the United Kingdom since then. Legal conflict continues to bring him to India.

I am not a thief.

Vijay Mallya said that it was unfair to address Mallya among Pod artists. He said that he ran away due to circumstances but was not a thief. “After March (2016), call me a man on the path of India. I will agree. I left India for a predetermined journey. I did not return for some reason. So if you want to call me a man who ran away, then call it. But don’t say that ‘Chor’ was stolen here.”

I have paid more than the backlog.

Mallya told the Karnataka High Court that he had already recovered several times before for Rs 6,200 crore to be paid to Indian banks. From them, United Bruriies Holdings Limited (UBHL, is currently in liquidation) and demanded that the amount seized from other colleagues.